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> Your lecture would have been more reasonable if I had not already given a specific example of diversification. Namely the construction of a LNG terminal. > H

> Your lecture would have been more reasonable if I had not already given a specific example of diversification. Namely the construction of a LNG terminal. > Here are numbers for you. The Sabine Pass LNG project in Louisiana, USA, was constructed for about $5 billion. Its capacity is almost exactly the same as the Nord Stream 1 pipeline, which was constructed for approximately €15.7 billion. Thus for 1/3 of the cost of the pipeline, Germany could have provided themselves a backup plan for Russian gas, while requiring zero changes from industry and consumers. LNG isn't even in the ballpark of what would be needed to replace Russian gas in volume. About 40 LNG terminals are currently operational in the EU. Even if you could use their full capacity, it wouldn't be enough to replace Russian gas. And it wouldn't affect prices positively aswell. LNG is only good for preventing actual shortages, not replacing the source. Even if Germany had built 5 LNG terminals in the last decade, it would be a drop in the bucket.

btilly 4y ago
There is an old saying that when you are in a hole, you should stop digging. You aren't following that advice though. I claim that an LNG terminal on the scale of the Sabine Pass LNG project could replace Nord Stream 1. You claim that 5 such terminals would be a drop in the bucket. Let's look at numbers and see who is right. Nord Stream 1's official capacity is 55 billion cubic meters a year of LNG. (They actually run a bit more than that.) Source: https://www.reuters.com/business/energy/kremlin-nord-stream-1-turbine-be-installed-volumes-will-adjust-2022-07-25/ https://www.reuters.com/business/energy/kremlin-nord-stream-... Sabine Pass is the largest LNG terminal in the world. Its capacity is 55.4 million metric tonnes per year. Source https://www.statista.com/statistics/1263935/largest-operational-lng-terminals-by-capacity-worldwide/ https://www.statista.com/statistics/1263935/largest-operatio... Those numbers are close, but the units are different. But 1 million metric tons LNG = 1.38 billion cubic meters LNG. Source: https://www.extension.iastate.edu/agdm/wholefarm/html/c6-89.html https://www.extension.iastate.edu/agdm/wholefarm/html/c6-89.... Therefore a single LNG terminal on the same scale as the Sabine Pass LNG project would provide 139% of the official capacity of Nord Stream 1. Do you have any more "corrections" to offer? Or do you wish to keep digging the hole you are in?
- mid 4y ago
  > Nord Stream 1's official capacity is 55 billion cubic meters a year of LNG Hmm... Are you saying liquified natural gas is pumped through North Stream?
  - btilly 4y ago
    Oops, that was clearly a mistake. Thanks for catching it. Natural Gas is pumped through Nord Stream. But it is not sent in liquid form. If it was, then keeping the pipeline sufficiently cold and pressurized would be an insane challenge.

btilly 4y ago

There is an old saying that when you are in a hole, you should stop digging. You aren't following that advice though. I claim that an LNG terminal on the scale of the Sabine Pass LNG project could replace Nord Stream 1. You claim that 5 such terminals would be a drop in the bucket. Let's look at numbers and see who is right. Nord Stream 1's official capacity is 55 billion cubic meters a year of LNG. (They actually run a bit more than that.) Source: https://www.reuters.com/business/energy/kremlin-nord-stream-1-turbine-be-installed-volumes-will-adjust-2022-07-25/ https://www.reuters.com/business/energy/kremlin-nord-stream-... Sabine Pass is the largest LNG terminal in the world. Its capacity is 55.4 million metric tonnes per year. Source https://www.statista.com/statistics/1263935/largest-operational-lng-terminals-by-capacity-worldwide/ https://www.statista.com/statistics/1263935/largest-operatio... Those numbers are close, but the units are different. But 1 million metric tons LNG = 1.38 billion cubic meters LNG. Source: https://www.extension.iastate.edu/agdm/wholefarm/html/c6-89.html https://www.extension.iastate.edu/agdm/wholefarm/html/c6-89.... Therefore a single LNG terminal on the same scale as the Sabine Pass LNG project would provide 139% of the official capacity of Nord Stream 1. Do you have any more "corrections" to offer? Or do you wish to keep digging the hole you are in?

mid 4y ago
> Nord Stream 1's official capacity is 55 billion cubic meters a year of LNG Hmm... Are you saying liquified natural gas is pumped through North Stream?
- btilly 4y ago
  Oops, that was clearly a mistake. Thanks for catching it. Natural Gas is pumped through Nord Stream. But it is not sent in liquid form. If it was, then keeping the pipeline sufficiently cold and pressurized would be an insane challenge.